SRH Investco AS receives competition clearance from the European Commission under voluntary offer for shares in Saferoad Holding ASA

SRH Investco AS receives competition clearance from the European Commission under voluntary offer for shares in Saferoad Holding ASA

Oslo, 21 August 2018: On expiration of the offer period on 14 June 2018 at 16:30 (CET), SRH Investco AS ("SRH Investco"), a company indirectly controlled by FSN Capital V (see footnote 1), had received acceptances for the voluntary cash offer ("Offer") to acquire all issued and outstanding shares in Saferoad Holding ASA ("Saferoad") for a total of 63,390,773 shares, representing approximately 95.1% of the total shares in Saferoad on a fully diluted basis. This number includes the 19,480,645 shares agreed to be acquired from Cidron Triangle S.à r.l., subject to completion of the Offer, under the conditional purchase agreement entered into with Cidron Triangle S.à r.l. Accordingly, and as set out in the stock exchange notice on 19 June 2018, the closing condition relating to acceptance rate of the Offer in section 1.6 (i) of the offer document was met.

The decision from the European Commission regarding the notification filed pursuant to Regulation (EC) No. 139/2004 on the control of concentrations between undertakings, as further described in section 1.6 of the offer document, was published today. The European Commission does not oppose the Offer and declares it compatible with the internal market and with the EEA Agreement. Thus, all conditions for completion of the Offer have been met (except for the closing conditions in section 1.6 item (ii), (iv), (v), (vi) and (vii), which shall apply until closing).

In accordance with the terms and conditions set out in the offer document, settlement under the Offer will take place within 21 calendar days as from today, i.e. by 11 September 2018, subject to the fulfilment or waiver of the remaining closing conditions set out above.

Following settlement of the Offer, SRH Investco intends to initiate a compulsory acquisition of the remaining outstanding shares of Saferoad in accordance with applicable laws, and to propose that Saferoad applies for a delisting of its shares from Oslo Børs.

For questions regarding the Offer, please contact the receiving agent: